GwG · Insurance · Level 1 of 5

GwG for insurance: Introduction

Introduction: Money laundering prevention for life insurance and capitalisation products

You will get to know the relevant product and activity framework and arrange policyholders, insured persons, beneficiaries and contributors. The training cases concern life insurance and capitalisation products; the legal scope is examined using the concrete example.

Training offer for Germany

Planned training time: 3 hours
Additional test: Voluntary · planned +30 minutes
After participation: Participation certificate and participation Badge

Interest in this training

View Test Option

Non-binding request to Timo Winkelbach. You can only select the additional exam if you wish.

Industry badge · 1 star marks the level of learning. This example image is not a personal proof and does not confirm passed examination.

Format and price for this level

Self-paced online course

29,95 €

excluding VAT per participant and course

Live online training

149 €

excluding VAT per participant and course

At levels 1 and 2, choose between self-paced learning and live training. Levels 3 to 5 take place live online.

Online examination included in the price

All prices exclude statutory VAT. The live training price depends on the level and date and will be confirmed before booking.

Payment via PayPal after your booking is confirmed.

Up-to-date training materials

Certificate of attendance and digital badge

The final examination is optional and takes place online. One attempt and one retake are included in the course price. Examination time is additional to learning time.

12 months of access from the first course start

In the self-paced course, the times are guidelines for your own learning pace.

We use teaching case studies based on real practical questions. Individual advice on ongoing client matters is not provided during training.

Does this step fit you?

Who is the training for?

For employees in application registration, contract service and intermediary support as well as beginners in the money laundering prevention of relevant insurance products.

What prior knowledge do you need?

No in-depth GwG knowledge required; basic contract procedures in the insurance business are helpful.

Your concrete added value

You will receive a clear structure for recording and passing on contract information. This allows you to distinguish between different roles and recognize what information is missing for the further examination in the insurance company.

Understand the product, contractual roles and initial documents

That's what you're working on in this training.

Determine the appropriate product context
You compare fictitious product descriptions and work with the scope of activities of § 2 para. 1 Nr. 7 GwG. It explains why training for the relevant life and capitalisation business does not treat each policy at a flat rate.
Separating roles in the insurance contract
In an application, you present policyholders, insured persons, beneficiaries and payers clearly. The special questions relating to the entitled person concerned are connected with the VAG, and the same name or family relationship does not replace a clear explanation of the role.
Collection and further processing
You assign application details and documents to the respective persons. Missing information is formulated and documented as specific queries, and the exercise also shows how sales, contract service and relevant audit bodies can collate their information in a comprehensible manner.

Your learning goals

Assign the training case to the relevant product context.
In the case of contracts and different payment participants, the parties to the contract must be able to understand each other.
to distinguish between information and evidence per person involved.
Identify missing information for further audit.

From knowledge to a well-founded case solution.

Fictional practice case · Insurance

Life insurance with several parties

A customer applies for life insurance to another person, appoints another eligible person and announces a contribution payment by a company. Arrange product and roles, document the information available and name the relationships that still need to be understood.

In focus: Product-related classification and clear role overview when entering into contracts.

Your Exercise

You supplement the information on the participants of a fictitious life insurance application and formulate questions about different contributors and beneficiaries. In doing so, you identify the relationship that is merely claimed.

Your work result and proof of participation

An ordered recording sheet with product context, contract roles, existing evidence and specific information requirements. After completing the training, you receive a participation certificate and a participation Badge for your sector and level.

How this relates to your daily work

You train the understandable preparation of application details for subsequent editors. The role overview helps in particular when payers, policyholders and beneficiaries are not the same person.

Live online training

Planned: 3 hours of training. With room for application.

The planned training period is 180 minutes. It includes knowledge transfer, application at the practice case and joint evaluation. Breaks are added. The data are planning values; we coordinate the concrete process before the training.

Knowledge & Classification: 75 minutes
Exercise & Application: 90 minutes
Evaluation & Transfer: 15 minutes

If you choose the optional additional exam, come 30 minutes The planned total time with examination is then 3.5 hours, plus breaks.

Self-paced online course
In the self-paced course, the times are guidelines for your own learning pace.

The final examination is optional and takes place online. One attempt and one retake are included in the course price. Examination time is additional to learning time.

Voluntary additional option · planned +30 minutes

You decide if you're going to take an additional exam.

Training is also possible without additional final examination. After completing your training you will receive a certificate of participation and a badge of participation. A proof of passing an examination requires successful participation in the voluntary supplementary examination.

Test format

Optional examination: knowledge questions and new insurance application

Your exam task

You process an independent application, arrange the product context and formulate the necessary questions about the people involved.

This is what the evaluation depends on.

Product context clearly classified
Contract roles clearly separated
Information and information needs presented in an orderly manner

Documentation of the test performance

After passing the optional assessment, you receive a record of achievement for this level explicitly identified as an assessment credential.

Request training with additional examination

Participation and examination performance remain recognizable.

The personal proof explicitly indicates whether the participation or a passed voluntary supplementary examination is confirmed. The badge graphic shows the industry and level of learning; it is not in itself a proof of performance.

Information about certificate and Badge verification →

Your badge shows the training series, sector and learning level. Together with your personal certificate, you can make your completed training visible in your CV or career profile.

Learn more about certificates and badges →

Legal bases and technical sources at this stage

The training works with the following sources. They shall help to justify the practice decisions on the basis of the relevant rules.

Interested in GwG for insurance: Introduction?

Your contact for the training request is Timo Winkelbach. You can reach him by e-mail to info@eu-aml.com or via the pre-filled request form.

Prepare training request

Series, industry and level are taken over. The request is non-binding.

View all five levels for insurance →